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Suddenly it’s 2007 again in the property market but not everyone is having fun, says Anne Ashworth

Parts of the housing market are partying like it’s 2007. Some will find this
rolling back of the years rejuvenating; others will be rightly concerned
that the merrymaking in certain locations could give a false picture of
conditions nationwide. But even these concerned individuals will admit that
events in London, the centre of the celebrations, do have entertainment
value. Take, for example, the speculation that a mansion on Kensington
Palace Gardens, London W8, could be worth as much as £200 million when the
revamp of this 13-bedroom Victorian villa is completed. Plutocrats, it
seems, are more willing than ever to